Wednesday, March 4, 2009

Update: Making Home Affordable Program: Maximum Government Paid Fee Table.

Update: Corrected total for deed in lieu/short sale to $3,000 instead of $4,500.

The HASP program has converted to a new name, the Making Home Affordable program.

I have started to look at documents published today and have constructed the maximum fee table HERE.

It shows MY understanding of the MAXIMUM fee amounts that the government would pay under the current guidelines for servicers, lender/investors, and to borrowers NOT including it's share of costs to get borrowers to a 31% monthly payment level. Includes maximum government paid fees for either a loan modification OR deed in lieu/short sale. Average fees per loan are likely to be well below those show as only a FEW loans will have ALL of the incentive fees shown.

Links to the source documents are included in this one pager, the date of the table is at the bottom. (If updated in the future there will be a date different than March 4th).

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